Spring is in the air…so are more opportunities to win! With the economic slump and the credit crunch, business contests are great ways to win free PR for your biz. Even if a contest doesn’t offer cash, the exposure is often worth its weight in gold. And, with the What Works for Business Contest, you have the chance to win monthly!
How it Works:
Simply submit a brief description of a challenge your business faced and how you solved it. The winner will be determined by popular vote during the last two weeks of the month.
I particularly like this contest because it rewards innovation and ingenuity. So what are you waiting for? Apply today. And, send me any other biz contests or competitions you find.
Other Upcoming Small Biz Contests:
Intuit Biz Story Competition
Grand Prize: $25,000 grant and $2,500 in products
Deadline: March 23, 2009
Dell Small Biz Contest
Grand Prize: $50,000 in Dell products and services
Deadline: April 3, 2009
Women 2.0 Startup Competition
Grand Prize: Win a meeting w/ Michael Moritz (Sequoia Capital) and more
Deadline: April 10, 2009
-Jacalyn Barnes, SCORE
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Q: What are three key steps in setting up a good collection policy?
A: Know your customers and their payment history. Be watchful of any changes when you receive payment. A pattern that changes needs attention right away. Don’t let payments get 60 days old. The older the receivable is on the books, the harder it is to collect. Make it a habit to have a weekly accounts receivable list. Know who owes you money and when it is due. If you see clients becoming “slow pay,” call them early and discuss how to stabilize the payment schedule. Work out an arrangement that gets payments started, even if they are making smaller more frequent payments. You need to get that cash flowing into your business. You’ve already provided the service. You’ve earned it.